İpek Ilıcak Kayaalp, Chairperson of Rönesans, Featured in Forbes
İpek Ilıcak Kayaalp shared the success story of Rönesans Holding, highlighting its €8 billion investments and strong global partnerships, in Forbes.
İpek Ilıcak Kayaalp, Chairperson of Rönesans Holding, states: “To date, we have completed dozens of investment projects with a total value of 8 billion euros. In doing so, we have attracted approximately 2 billion euros in direct foreign investment and secured around 4 billion euros in foreign financing for our country.”
Rönesans Holding has tripled its turnover over the past decade, reaching 3.1 billion euros. Starting with real estate, the group has expanded into energy and healthcare investments, and its diversification efforts have now extended to industrial projects.
Growing by reinvesting earnings from construction into other sectors is a solid strategy. However, consistently forming partnerships with some of the world’s largest global companies in the industry requires exceptional expertise. As Rönesans Holding transitions into an investment holding company, it has established alliances with prominent partners such as Total Energies, IFC, and Government of Singapore Investment Corporation (GIC), a Singaporean sovereign wealth fund. The company has undertaken 40 billion euros worth of construction projects, transforming its gains into 8 billion euros of investment in Türkiye. Up next are new ventures valued at 4 billion euros.
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About Rönesans Group
Rönesans Holding, the conglomerate's leading investment entity headquartered in Ankara, is the 53rd largest international contracting company globally and one of the largest in Europe. With operations spanning 30 countries across Europe, Central Asia, and Africa, including subsidiaries such as Ballast Nedam in the Netherlands and Heitkamp Industrial Solutions GmbH in Germany, Rönesans has been operating as the main contractor and investor successfully for 30 years in construction, energy, healthcare, real estate development and industrial investments. Putting resilience and growth through innovation at the core of the company, with a priority on sustainability and social development, Rönesans has developed projects supporting students with scholarships, academic platforms and initiatives; been a signatory of the UN Global Compact since 2015; and a signatory of the UN Women’s Empowerment Principles since 2016.
Under the leadership of its president, Erman Ilıcak, Rönesans, along with its partners GIC, Meridiam Infrastructure, Sojitz, Samsung C&T, TotalEnergies, and IFC of the World Bank Group (minority shareholder in the group), has invested more than EUR8 billion into pioneering projects globally.
